VisionChina Media (VISN) NewsBite - Upgrade Lifts VisionChina

Posted on Monday, June 23, 2008 12:51 PM

VisionChina Media Inc. (VISN) opened at 17.20. So far today, the stock has hit a low of 16.75 and a high of 18.08. VISN is now trading at 17.83, up 2.03 (11.80%). The stock hit its 52 week high of 23.00 in May and set its 52 week low of 5.27 in January. VISN has been climbing since its initial offering in December of last year. VisionChina Media shares have been taking a lift after an Oppenheimer analyst upped the stock to "Outperform" from "Perform." Technical indicators for the stock are bullish but deteriorating. If you’re looking for a hedged play on this stock, consider an October bull-put credit spread below the $10 range. VISN stock could fall up to 43.9% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]

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